Hospitals in New Jersey are facing a severe financial crisis due to rising numbers of uninsured people and budget cuts leading to decreased reimbursement, according to the Washington Post. The crisis has caused six hospitals to close in the past 18 months, and of those still operating, half are operating at a loss.
The story discusses the reasons for the crisis, with the president and CEO of the New Jersey Hospital Association putting some of the blame on the growth of ASCs in the state.
Read the Washington Post story on New Jersey’s hospitals.
